Shiprocket IPO Opens: Grey Market Premium Hints at 31% Listing Gain

Shiprocket’s Initial Public Offering (IPO) commenced subscription on August 12, 2026. The grey market premium (GMP) indicated a potential listing gain of nearly 31%, with an estimated listing price of Rs 127 against an upper price band of Rs 97.

IPO Key Figures

• Total IPO Size: Rs 1,617.48 crore
• Fresh Issue: 9.13 crore equity shares, worth Rs 885.50 crore
• Offer for Sale (OFS): 7.55 crore equity shares, worth Rs 731.98 crore
• Price Band: Rs 92 to Rs 97 per share
• Minimum Retail Bid: 154 shares

The total issue size stands at Rs 1,617.48 crore, combining the fresh issue and the Offer for Sale components. Retail investors are required to bid for a minimum of 154 shares within the Rs 92 to Rs 97 price band.

Financial Performance & Utilisation

Shiprocket, established in 2011, reported a 24% year-on-year revenue growth in FY26, reaching Rs 2,077.42 crore. Despite this growth, the company’s net loss widened from Rs 74.45 crore in FY25 to Rs 79.25 crore in FY26.

• Growth and Marketing: Rs 571.40 crore
• Technology Infrastructure: Rs 159.80 crore
• Debt Repayment/Prepayment: Rs 210 crore
• Acquisitions and General Corporate Purposes: Remaining proceeds

Net proceeds from the fresh issue are earmarked for several strategic initiatives. The largest portion, Rs 571.40 crore, is allocated for growth and marketing efforts.

The company operates in India’s e-commerce technology sector, providing a platform for various businesses. A Redseer Report in FY25 ranked Shiprocket as India’s largest new-age end-to-end e-commerce enablement platform.

Important Dates

The IPO subscription period closes on August 14. Allotment finalisation is scheduled for August 17, with listing on August 19, 2026.